Glencore chief Ivan Glasenberg is slashing Australian coal production because “we don’t want to be the ones forcing the price down with oversupply” in a thinly veiled attack on Rio Tinto. Mr Glasenberg went to lengths on Tuesday to position himself as a superior marketing manager to his counterpart at Rio Tinto and the other iron ore majors, which continue to pump tonnes into a heavily depressed market and push down prices.

Malcolm Turnbull has lauded Tony Abbott as an intelligent, courageous, brave and thoughtful man but added the only attribute that really matters is that the Prime Minister has the majority support of colleagues.

It is only two weeks since Morgan Stanley kicked off its long expected exit from the $9 billion Investa Property Group but the US giant has already fielded interest from more than 15 tier one investors.

Malcolm Turnbull has lauded Tony Abbott as an intelligent, courageous, brave and thoughtful man but added the only attribute that really matters is that the Prime Minister has the majority support of colleagues.

Matthew Stevens | Risk has become confronting reality for DP World with the Port of Melbourne Corporation moving to increase the container lifter's rent by 750 per cent as the state's pursues plans for port privatisation and expansion.